Are you thinking to invest your money in crypto but don’t know what is best for you because almost daily new projects launch and every network demand to give the best for its users. Before investing money in any cryptocurrency network make sure to know about its benefits and let it sure that it is perfect for you.
Before going to discuss the best cryptocurrency to invest in 2021 make sure to know about crypto-currency. A cryptocurrency is a virtual currency used to store our money in the form of a digital coin. Digital means you can sell, buy or trade with your bitcoins but not purchase any goods by using these digital coins and you also can’t touch them.
TOP CRYPTOCURRENCY IN INDUSTRY
There are too many cryptocurrencies introducing in the industry almost daily. Almost the number of cryptocurrencies is more than 5000 but here we are going to discuss the top and best cryptocurrency all around the world that helps you in transacting or in trading. Let’s get started;
Bitcoin (BTC)
Bitcoin is one of the best and expensive crypto-currency having a high rank in the crypto world. BTC was introduced to help its users in transacting, purchasing, trading bitcoins. Bitcoin is working on three steps. Firstly, we insert the details then it goes to the network. The network minors solve the algorithm and calculation after it’ll go to block change and the transaction occurs. You can also store your bitcoin in any bitcoin’s wallet and use it anywhere anytime whenever you want. Bitcoin is expensive than other cryptocurrencies.
PROS
Investors get a great return from BTC.
Step-by-step working.
Great security features.
Best for both short-term and long-term traders.
Efficient in working.
24 hours services in case of any tragedy.
Cons
Too expensive than other cryptocurrencies.
Take too much time in transacting at least 10 min.
Litecoin (LTC)
Litecoin is another de-centralized peer-to-peer network help in both transacting and trading. Mostly called bitcoin’s sibling because there are too many similarities common between them. The main difference between them is its price because the price of BTC is not affordable for everyone. As you can say that bitcoin is gold then Litecoin is silver. Litecoin provides a great feature in both the long and short term. You can also exchange sell or buy bitcoins with the help of different exchangers with minimum transaction fees. You can also store your crypto’s in any wallet hot or cold, hardware or software. There are no restrictions to selecting a wallet. Litecoin is working on a bit-info chart that provides a great feature of security as well as an efficient way of transacting.
PROS
Great security features.
Quick transacting.
A good return to its investors.
Doesn’t need any additional device for making a connection.
CONS
Time-consuming.
Release not more than 84 million in long transactions.
Xrp Ripples
Xrp was introduced in the market in 2012 by US-based Company Ripple Lab Inc. The main reason for its production is an efficient output in a minimum time. Xrp having too many differences from other crypto-currencies. Xrp is centralized and does not follow any blockchain rule. Most of the cryptocurrencies take at least 10 min in their one transaction while XRP ripple can be done with their transaction within seconds with less transaction fee. Investment money in XRP is also cheaper than others. There is too much room for growth and investors can get much profit in case of long-term because of predictors saying that XRP having a great scope in the future.
PROS
To space for growth.
Starting with less investment fee.
Quick transaction with less transaction fee.
CONS
Currently does not have a broad network.
Where To buy
Binance is one of the biggest cryptocurrency platforms in the industry not only for transacting as well for exchanging money. Binance is a trusted platform providing great security features to its users. Binance is a decentralized platform originally hosted on Etherum. You can exchange, sell or purchase your crypto from this platform in a minimum time, cost, and effort. If you’re a trader and want to get a benefit from your currency then Binance is best for you because it gives a great return to its users however the term is long or short.
PROS
Having a great reputation in the industry.
Great prices.
Easy to learn how it works.
Hassle-free.
Less transaction fee.
CONS
Can’t do transaction by simple traditional method.
CONCLUSION
There are too many more cryptocurrencies available in the market like Chainlink (LINK), Tron (TRX), bitcoin cash(BCH), Ethereum(ETH), and many more but on the above, we discussed one of the most trending and best for investing in 2021. I hope, you like this article and choose the best for yourself and your dear ones.
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